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Commitment,Risk,and Consumption:Do Birds of a Feather Have Bigger Nests?
Commitment Risk Consumption Feather Nests
2016/3/18
We show that incorporating consumption commitments into a standard model of precautionarysaving can complicate the usual relationship between risk and consumption. Inparticular, the presence of plausi...
Betit: A Family That Nests Probit and Logit
Dichotomous choice model beta distribution logit probit
2013/10/17
This paper proposes a dichotomous choice model that is based on a transformed beta (or "z") distribution. This model, called betit, nests both logit and probit and allows for various skewed and peaked...